The 750,000 that has gone missing from our club

Discussion in 'Bulletin Board' started by Chef Tyke, Nov 14, 2021.

  1. Old Goat

    Old Goat Well-Known Member

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  2. Dep

    Deputy Dawg Well-Known Member

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    You mean the Club not the board
    saying the board sounds like they personally are going to pay for it
    they are not, they have said it multiple times and that's a fact i am sure everybody should understand that by now
    whether people believe they actually personally have 2 million to repair stand is by the by.

    if in a dream scenario this could happen ,the problem being the 2 million is dead money
    it would be 2 million the club would probably need for running costs and as a investor investing for profit .
    spending that money on the stadium wouldn't mean the stadium and land is suddenly worth 2 million more

    in fact it could be worth less than it was in the first place depending on sale price stadium and land value.
    the only way it could possibly happen is if the club sold a player for a huge price tag to pay for it which has happened in the past( when fans owned it ?)

    As a investor you would be literally throwing some or all of your profit margins away.
    They don't want to build a new stand.
    they want someone to pay for the repair of it.
    anybody but them.
     
  3. Dep

    Deputy Dawg Well-Known Member

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    Based on yours and other people who have been kind enough to trawl through the accounts in this and year's gone by.
    Buying and selling players and trying to run the club prudently based on the last ten years or so the club still averages around a million or more loss every year ?
    The Crynes used to put a loan in every(most) years to boost sure up the accounts the accounts
    The 5 million cash reserves left in the accounts when they sold the club has basically dwindled to nothing over the new tenure.

    The Consortium have said time and time again as well as the CEO the other week confirming they are not going to put a penny of there own money into the running costs or any costs of the club and Khalid said in that interview and so they shouldn't.

    So the obvious question is what happens next ?

    based on the fact they decided to change the tactics to make our players more saleable
    we need injections of cash(from player sales) fast for the running costs of the club
     
  4. She

    Sheriff Well-Known Member

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    More importantly, we need an ownership who don't compound the issues you raise by actively worsening the situation and taking funds directly out of the club for their own non-football purposes.

    Operating within our means is an ongoing challenge, and one which is infinitely more difficult in the event of relegation. Your comments correctly put the scale of the £750k payment within its true context. I've seen a few comments over the last few weeks suggesting it's "only £750k", but that's a huge sum when our cashflows are so finely balanced.

    The only guaranteed way to become cash generative is to be promoted to the Premier League. Second, by a significant distance, is retaining Championship status, establishing ourselves as a stable Championship club, and generating a profitable cycle of player trading around this.

    We seem to be relying on the player trading cycle with Championship survival being a secondary consideration by some distance, a mistake we made two seasons ago and got lucky with the inevitable consequence via another club's points deduction. This is likely to lead to a fire-sale in the January window, as we're forced to cash in on disillusioned players with rapidly diminishing transfer values, who are then replaced by new additions recruited with one eye towards a League One campaign next season.
     
  5. She

    Sheriff Well-Known Member

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    Just received a notification from Companies House that the confirmation statement has now been filed with no changes.

    Probably a bit too soon after posting this for me to claim any credit for reminding them.
     
    DannyWilsonLovechild likes this.
  6. Loko the Tyke

    Loko the Tyke Administrator Staff Member Admin

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    Not sure I fully agree on Championship survival being a secondary objective but I know what you mean. I read this earlier and couldn't think of which thread to share it in, but seems appropriate in this one as a really interesting overview of Championship finances vs. the Premier League over the last decade.

    I think you might follow me on Twitter and be on there. If you are, Swiss Ramble and Price of Football are really insightful accounts to follow.

     

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